v3.22.4
Supplemental Balance Sheet Information
 12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Balance Sheet Information Supplemental Balance Sheet Information
Additional supplemental balance sheet information is provided in the table that follows.
(Millions)20222021
Other current assets
Derivative assets-current$162 $78 
Insurance related (receivables, prepaid expenses and other)103 110 
Other191 151 
Total other current assets$456 $339 
Property, plant and equipment - at cost
Land$255 $312 
Buildings and leasehold improvements7,560 8,086 
Machinery and equipment16,455 17,305 
Construction in progress1,728 1,510 
Gross property, plant and equipment25,998 27,213 
Accumulated depreciation(16,820)(17,784)
Property, plant and equipment - net$9,178 $9,429 
Other assets
Deferred income taxes$959 $581 
Prepaid pension and post retirement1,225 943 
Insurance related receivables and other73 51 
Cash surrender value of life insurance policies265 261 
Equity method investments81 129 
Equity and other investments886 133 
Other782 510 
Total other assets$4,271 $2,608 
Other current liabilities
Accrued rebates$751 $731 
Deferred revenue538 529 
Derivative liabilities31 23 
Employee benefits and withholdings247 219 
Contingent liability claims and other534 487 
Property, sales-related and other taxes224 326 
Pension and postretirement benefits77 78 
Other788 798 
Total other current liabilities$3,190 $3,191 
Other liabilities
Long term income taxes payable$1,051 $1,324 
Employee benefits386 400 
Contingent liability claims and other2,179 872 
Finance lease obligations75 93 
Deferred income taxes559 458 
Other1,365 256 
Total other liabilities$5,615 $3,403 
Certain items in the table above include balances as of December 31, 2022 associated with the deconsolidated Aearo Entities as discussed further in Note 16. These include:
•$0.7 billion asset balance in "equity and other investments" (within other assets).
•$0.3 billion in "other" (within other assets).
•$1.2 billion accrued liability largely reflected within "contingent liability claims and other" (within other liabilities).
•$0.9 billion in "other" (within other liabilities).